
NYSE:NEM
This summary was created by AI, based on 3 opinions in the last 12 months.
Newmont Mining has generated a diverse range of expert opinions, reflecting its dynamic position in the gold market. Experts note a significant run in its stock price, which surged from $40 to $127, highlighting the volatility often seen in gold investments. One expert mentions the impact of rising gold prices, showcasing a 168% increase attributed to favorable market conditions. While one expert maintains a bullish stance on gold yet has opted to switch to another intermediate producer for potentially better returns, the overall sentiment appears optimistic towards Newmont Mining's performance in the context of the broader market fluctuations. The stock's historical growth trajectory suggests it may be a lucrative option amidst a backdrop of varying performances across other investment opportunities, some down by 30-40%.
The USD and gold price The debt clock in Times Square will hit $30 trillion in a couple weeks. If you can't get bearish on the USD with that, he doesn't what will. He was wrong--he thought the USD would continue to slide since last fall into this spring, but it's obviously bounce--but the bounce is temporary, he thinks. The dollar will continue to fall, which will benefit metals. He didn't think gold would fall down here, either, but at least gold has held the low of June 2020. In this space, Newmont around $57 off last summer's $70 looks interesting.
*Short* Hates gold companies and gold prices. We are in for another decade or more of disappointment. This is one of the few material names in the US, so it is widely held by generalists, but what it doesn’t have going for it is growth. Has had no growth for years. Huge issues with debt at $6.8 billion. It needs to spend roughly $2.6 billion over the next year or so, just to maintain production. If the Swiss don’t vote for gold to be backed by the central bank reserve, then gold will be under pressure and gold stocks will be very, very weak. Yield of 0.51%.
Likes it, but buy Barrick instead. The gold stocks as a whole are hot.